Monday, July 2, 2012

Counterfeit currency sweeping the Iraqi market!!

July 2, 2012

Counterfeit currency sweeping the Iraqi market!!

BAGHDAD - News Network Iraq - approved the Central Bank of Iraq the existence of large quantities of counterfeit currency into the Iraqi market after it was discovered in southern cities and accused third parties of being behind this crime, which affect the Iraqi economy.


The MP Hadi al-Hassani said in a statement that the government had set up operating room and specialized committees to follow the spread offense of counterfeit currency in the market, particularly in southern Iraq. He noted the spread of counterfeit currency, specifically a class of ten thousand dinars (equivalent to eight dollars), but denied knowing the reasons that led to this phenomenon or its sources.

He stressed that it will lead to a lack of trust of citizens in local currency. And refuses to shop owners and workshops in the province of Basra category recognizes the ten thousand dinars, as well as for employees who refuse received within their salaries.

And formed the local governments in the provinces of Dhi Qar and Basra, Wasit, Maysan specialized committees to pursue traffickers of counterfeit currency and control in the possession of quantities. And Deputy Governor of Central Bank of Iraq, the appearance of Mohammed Saleh, said that the Central Bank of touch and there is a problem in most cities in Iraq and said: Everyone knows that technological progress in printing and inexperience of gangs in this crime makes any global currency forgery is easy but the difficulty lies in the promotion.

He added: It is very easy and the occurrence of promoters in the grip of justice and it needs to be more awareness among citizens and refer to the instructions that accompanied the process of replacing the current currency in 2004.

He continued the existing currency in circulation for eight years and was supposed to dealers by the knowledge of the counterfeiter, including touch-and note the differences security But, unfortunately, either that some of them ignorant of specifications or fall victim to fraud when you configure the packages of forged documents and other tangible, not to harm here is also examined as a whole.

He explained that the information provided that the quantities of counterfeit currency is too big and this means that the mafia and gangs promoters receive instructions from outside the border, it practitioner working in this organization and the power is not only a local effort.

He stressed that Iraq faces many challenges, most exporter of entities that do not want him to recover. Before, and the deputy Taha Lahibi that confirmed that Iran has been made ​​recently of large quantities of counterfeit currency and printing presses to modern Iraqi market in order to withdraw as much as possible of dollars in an attempt to ease international sanctions against against it.

He added that the survival of the Iraqi government in the case of Scott for this phenomenon and the lack of follow-up be established in the Department of charge as well.


He noted the benefit that the Central Bank provided banking services revealed a sophisticated and fast can be used in companies and shops, stressing that the instructions one last issued to end the phenomenon, identifying the buying and selling currencies within the banks.

He stressed that cooperation between the banking and regulatory agencies, and security will soon detect signs of the counterfeiters. A police source in Babel province, pointed out that the security force arrested a gang of Hilla, south of seven specialist trading in counterfeit currency, possession of forged six thousand dollars.

The Supreme Judicial Council in the last census that the sentences imposed on convicted of 1297 over issues of forgery of the currency within one year.

source